Binance Dominates CEX Reserve Flows with $4.5B Monthly Increase

Centralized crypto exchanges have recently witnessed a noteworthy surge in reserves. As per the data from CryptoRank, Binance has seen a monthly $4.5B spike in its reserve flows to lead the top CEXs. The crypto analytics firm took to social media to share the list of ten prominent CEXs, including Binance, Bitfinex, HTX, and others.

Binance Dominates CEXs by Per-Month Reserve Flows after $4.54B Increase

Binance is the dominating centralized crypto exchange when it comes to per-month net reserve flows. As per the market data, the respective surge has placed the cumulative assets of Binance at the staggering value of $137B. Subsequently, Bitfinex stands in the 2nd position with a $639M increase in monthly reserve flows. As a result of this, the crypto exchange’s total assets have reached $25.3B.

The top 3rd centralized exchange in terms of per-month reserve flows is HTX. The net reserve flows of the CEX have reportedly witnessed a more than $585M increase to touch the $5.60B mark in the case of assets. Following that, Gate.io secured the 4th rank among the CEXs with a $189M rise. With this noteworthy upsurge, Gate.io’s total assets have attained the $6.49B spot in value. Another top centralized crypto exchange that experienced positive reserve flows over the past 30 days is HashKey. With a $167M jump, its total assets now account for $942M.

On the other hand, the other five prominent centralized exchanges have gone through negative reserve flows over the month. In this respect, BitMEX has recorded a $56M dip in net reserve flows, placing its assets at $4.55B. Apart from that, Deribit also saw negative reserve flows of up to $85M. Due to this, its cumulative assets have declined to $3.94B.

Bybit Bottoms List with $3.45B Plunge in Per-Month Reserve Flows

CryptoRank’s list of centralized exchanges based on per-month net reserve flows adds KuCoin in the 8th position. The crypto exchange beheld a $464M plunge in monthly reserve flows, leading its assets to $2.10B in value. Following that, OKX accounts for $23.6B in total assets following a per-month decrease of $517M in reserve flows. Additionally, Bybit comes last in the list of CEXs with top monthly reserve flows as it witnessed a $3.45B dip. Following that, its total assets comprise $12.3B.